This innovative approach is expected to boost agricultural productivity and contribute to India’s economic growth.
Key Benefits of the Partnership
*Increased access to advanced drone technology*: Garuda Aerospace will provide Bank of India with a range of drones, including the Garuda R-99, which is designed for precision farming and crop monitoring. * *Low-interest, zero-collateral loans*: The partnership will offer farmers easy access to financing, enabling them to purchase drones and upgrade their farming practices. * *Streamlined access to financing*: Garuda Aerospace will leverage the Agriculture Infrastructure Fund Drone Loan scheme to ensure that farmers can access the necessary funding quickly and efficiently. ### How the Partnership Will Work
How the Partnership Will Work
*Identification of eligible farmers*: Bank of India will identify eligible farmers who can benefit from the partnership.
Founded in 2015, Garuda Aerospace has rapidly emerged as a leader in drone technology, deploying over 2,500 drones across India. As the first company to successfully facilitate drone loans and subsidies, it has played a pivotal role in accelerating agricultural modernization.
